Newest Marcus by Goldman Sachs Promotions, Bonuses, Offers and Coupons: April 2023

Marcus by Goldman Sachs promotions

Named for the founder of the investment firm Goldman Sachs, Marcus by Goldman Sachs, Member FDIC, offers savings products and personal loans for individuals. The bank has a simplified product line that includes a high-yield savings account, certificates of deposit and personal loans. Marcus by Goldman Sachs offers some of the highest interest rates available for savings products.

Banks want your business. Many of them are willing to pay you hundreds in cash when you open a new account or use their branded credit card. And in the current economy, extra money is a good thing.

Like most banks, Marcus by Goldman Sachs occasionally runs special promotions to attract new customers, including referral bonuses and credit card bonus rewards. Here’s a closer look at how these bonus offers work.

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Referral Bonus

Marcus by Goldman Sachs offers a savings account rate boost if you refer a new customer.

Marcus Referred: 1.00% Savings APY Boost

Both the referrer and the referred customer can receive a 1.00% annual percentage yield boost on their online savings accounts for three months if they meet the conditions of Marcus Referred. The best part? Customers can earn the rate boost up to five times each calendar year.

  • Cash value: Varies by account balance
  • Minimum deposit to qualify: None
  • Expiration date: None
  • How to get it: Find your referral link in the Marcus Referral Center and provide it to the person you’d like to refer. Once they open a new online savings account or certificate of deposit using your link, you’ll earn the rate boost.
  • How people you refer can get their bonus: Using the referral link you provided, the person you referred can earn the bonus by opening a new online savings account. Referred customers are not eligible to earn the bonus by opening a certificate of deposit.
  • When you’ll get it: Within one business day after the referred customer successfully opens the required account
  • Terms and conditions: Referred customers must not have had a savings account or certificate of deposit with Marcus for at least 12 months prior to being referred. Adding a customer to a joint account does not qualify. To receive the bonus, accounts must be open and in good standing.
  • Monthly fee: None
  • Promotion page: Marcus Referred
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Credit Card Bonuses

Marcus by Goldman Sachs offers new member bonuses for all three of its GM co-branded credit cards.

: 15,000 Bonus Points

The My GM Rewards card from Marcus offers 7x points on purchases made from GM and 4x points on everything else with no annual fee. Points can be redeemed toward vehicles and services at GM dealerships or up to $250 in gift cards each year. The card offers 15,000 bonus points for new cardholders who meet the purchase requirements and offers an introductory 0% APR for the first 12 months, followed by a .

  • Minimum spend to qualify: $1,000
  • Expiration date: None
  • How to get it: Spend $1,000 on your My GM Rewards card within the first three months of opening the account
  • When you’ll get it: Within two billing cycles after requirements are met
  • Terms and conditions: Purchases of traveler’s checks, lottery tickets, casino chips or similar items that can be traded for money are not eligible. Only one bonus offer is available per card. The account must be in good standing.
  • Annual fee: None
  • Promotion page: My GM Rewards Card

: $750 Bonus

The GM Business card from Marcus by Goldman Sachs offers 5% cash back in Earnings from purchases of parts or services at GM dealerships, 3% at office supply stores, restaurants, and gas, as well as 1% on everything else, and Earnings don’t expire. The GM Business card has a new customer offer of $750 in bonus Earnings and an introductory 0% APR for the first 12 months, followed by an .

  • Cash value: $750
  • Minimum spend to qualify: $5,000
  • Expiration date: None
  • How to get it: Spend $5,000 in the first five months after the account is opened
  • When you’ll get it: Within two billing cycles after requirements are met
  • Terms and conditions: Cash advances, ATM withdrawals and similar transactions do not count toward the $5,000 minimum spend. The account must be in good standing to earn the bonus. Earnings can only be redeemed by either purchasing or leasing a new GM vehicle.
  • Annual fee: None
  • Promotion page: GM Business Card
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GM Extended Family Card™: $100 Bonus

The GM Extended Family card is geared toward GM employees and suppliers. It offers 1% cash back on all purchases and can be combined with a GM employee or supplier discount when purchasing a GM vehicle. It is currently offering a $100 Earnings reward for new cardholders.

  • Cash value: $100
  • Minimum spend to qualify: $1,000
  • Expiration date: None
  • How to get it: Spend $1,000 on your GM Extended Family card in the first three months after opening the account.
  • When you’ll get it: Within two billing cycles after requirements are met
  • Terms and conditions: ATM withdrawals, balance transfers and other cash-like transactions do not qualify. Earnings can only be redeemed as a statement credit or by either purchasing or leasing a new GM vehicle. The account must be in good standing.
  • Annual fee: None
  • Promotion page: GM Extended Family Card

How To Open a Marcus by Goldman Sachs Account

You need to complete an online application to open an account with Marcus by Goldman Sachs. Here’s how:

Opening an Account

  1. Locate the application on the bank’s website.
  2. Choose the type of account you want to open.
  3. Complete the application, including the following details:
    • Name
    • Email address and phone number
  4. Provide personal information and verify your identity.
  5. Fund the account.

How Much Money Do You Need To Open a Bank Account at Marcus by Goldman Sachs?

Marcus by Goldman Sachs does not require a minimum deposit to open a savings account. If you do not deposit any money within 60 days, the bank may close the account.

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To open a certificate of deposit, you need to deposit at least $500.

You can fund your accounts through a transfer from a linked bank account, mailed check or domestic wire transfer. Alternatively, you can fund a savings account via direct deposit.

Is Marcus by Goldman Sachs the Right Bank for You?

Marcus by Goldman Sachs may be the right bank for you if you’re looking for a savings account or certificate of deposit that earns impressive rates. You don’t have to dedicate large sums of money or maintain minimum balances to avoid fees and earn the best rates. Take a look at this Marcus by Goldman Sachs review to learn more about what the bank offers customers.

However, the bank doesn’t offer many other products, such as checking accounts or credit cards beyond its line of GM co-branded cards. If you need a full-service bank, check out other financial institutions like the top banks in the country.

More on Marcus by Goldman Sachs:

Julia Gordon and Amber Barkley contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on promotions is accurate as of April 17, 2023. Additional requirements may apply. Offers and terms are subject to change.

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Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

This article has been updated with additional reporting since its original publication.

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